African Market: African

african market: The over 3 percent average annual growth rate of the African GDP is one of the elements that make Africa a sustainable market for stable investment, according to Global Times China. However, the GDP percentage does not offer a strong incentive or driver behind Africa's bright future. While this was playing out, emerging nations, including Asian countries, took notice of the new African market that has been thus far immune to the erratic economic policies coming from the US. Investors and global traders are attracted to the higher rate of return on foreign investments in Africa, and many economic indicators demonstrate clearly that there are key drivers behind the African economic expansion. Indeed we have to understand that today Africa has shifted its economy from a resource-based, pure commodity exporter to new sectors such as wholesale, retail, transportation, telecommunications and manufacturing. This newfound African growth in the middle of depressing international economic indicators puts Africa on a new level of geopolitical interest from not only traditional partners like the EU, but also from emerging economies from Asia, especially China. This change in economic emphasis, which has led to reduced risks inherent to a fluctuating commodity-based GDP, offers a new space to channel investment, focus on microeconomic growth and create a new economic leverage for Africa. (news.financializer.com). As reported in the news.